Category: Economics & Investing

Why Gold’s Base Price Should Be North Of $2,000 o o o British middle classes will be replaced by ‘tiny elite and a huge sprawling proletariat’, says Government adviser . – P.M. o o o Items from Mr Econocobas: 12 Numbers About The Global Financial Ponzi Scheme That Should Be Burned Into Your Brain Russia Is Doing It – Russia Is Actually Abandoning The Dollar The Winter Was So Cold No One Got Sick! Lower Health Spending To Push Q1 GDP To -2% Another Fiscal Time-Bomb: Public Pensions Assume Perpetual Bull Market And Still Have $1.1 Trillion Deficit

19 Reasons That Show The Economy Is In Trouble o o o Items from Mr Econocobas: IMF Sounds Global Housing Alarm Oil Climbs, Stocks Fall on Iraq Conflict; Platinum Slumps U.S. Stocks Decline on Economic Data Amid Iraq Tension Here’s Partly Why the Student Loan Market Is Completely Insane

Student Debt On Course To Sink America’s Economy o o o Items from Mr. Econocobas: Fed Prepares to Maintain Record Balance Sheet For Years How Japan Blew Its Savings Surplus: What A Keynesian Dystopia Looks Like Half of College Grads Still Relying on Parents’ Money 19 Reasons Why You Can Laugh When Anyone Tells You That The Economy Is In Good Shape

Electronic Cash: The End of Privacy o o o Houston, We Have A Problem – or – Market Extremes Are Back – G.C. o o o Items from Mr. Econocobas: 15 Quotes From Our Founding Fathers About Economics, Capitalism And Banking Underneath the Propaganda, Americans Are In BAD SHAPE Economist: U.S. Banks Preparing To Charge Customers For Deposits

37.2%: Percentage Not in Labor Force Remains at 36-Year High o o o Items from Mr. Econocobas: 1 in 6 American Men Between Ages 25-54 Are Not Working Last Time This Happened, The Financial Crisis Broke Out Truth About The Jobs Report And The Economy Credit-Card Use Surges In April This Is What Irrational Exuberance Looks Like: ‘Five Years Later, Do We Face A Market Melt-Up?

The Madness Of Crowds And The Great Insanity – J.W. o o o 37.2%: Percentage Not in Labor Force Remains at 36-Year High. – B.B. o o o Items from Mr Econcobas: 25% of Americans Saving $0 For Retirement Americans Think Economy Won’t Recover Until 2017 Abenomics Spurs Most Misery Since ’81 as Senior Scrimps Peter Schiff: Snow Job

One Ton Gold Shipment Into Hong Kong Revealed To Contain Just Worthless Metal – B.B. o o o Steve Forbes: Link dollar to gold or face Great Depression II – G.G. o o o Items from Mr Econocobas: Companies Add Fewer Workers Than Forecast, ADP Data Show Fed’s Fisher Wants October End to QE3; Sees No 2014 Rate Hike Ya Think? “Student-Loan Debt May Hamper Economy, Senate Panel Hears” Half The Country Makes Less Than $27,520 A Year and 15 Other Signs The Middle Class is Dying

The Good And The Not- So-Good News About US Jobs In One Chart. Part of the problem is the skills mis-match. Many good (primarily blue collar) jobs remain unfilled as younger folks do NOT have the skills, nor do they want to learn them! – H.L. o o o The Purchase Of Our Republic. – B.B. o o o Items from Mr Econocobas: Rising Resource Costs Escalate Odds of Global Unrest Video: James Rickards ‘Inflation is Coming as it is The Only Way The U.S. Can Pay It’s Debt’ Deflation ‘Greatest Hoax’ as Prices Keep Rising Seemingly Terrific April Jobs …

Where Is The U.S. Economy Headed? – D.B. o o o 77,000 Foreign Banks to Share Tax Info with IRS – H.L. o o o Items from Mr. Econocobas: US Money Slump Flashes Warnings as Economy Contracts The Velocity Of Money In The U.S. Falls To An All-Time Record Low Ben & Janet’s Swell Housing Recovery: Sales Booming For The 1%; Heading Down For Everyone Else Four More Signs That A Market Top Is Nigh America’s Insatiable Demand For More Expensive Cars, Larger Homes And Bigger Debts

Barclays Manipulated Gold as Soon as It Stopped Manipulating Libor – G.P. o o o ‘Gold Prices Under Fire’ o o o Items from Mr. Econocobas: U.S. Retailers Missed Estimates By Most in 13 Years Bad Trend Breaking: Why Retail Results Are Not Better Than Expected, But Worse Than Ever! Headlines Contradict the Reality of April Home Sales World Bank Sounds Alarm on Rising Global Food Prices

Real Heroes: The “Justes” and the Good o o o Russian Roulette – Derivative Style. – G.C. o o o Items from Mr. Econocobas: Japan Inflation Quickens to Fastest Since 1991 Japan Monkey-Hammered By Abenomics: Goods Inflation Up 5.2%; Vehicle Sales Down 63% Video: Interview with John Williams of Shadowstats ‘Fed Will Prop Up System Until it Falls Apart’ Boom: Q1 GDP Revised Downward to -1.0%

Why the biggest US banks are even bigger and riskier than you think. – G.G. o o o U.S. Hyperinflation Warning, Part I o o o Items from The Econocobas: Video: James Rickards ‘Inflation is Coming as it is The Only Way The U.S. Can Pay It’s Debt’ Deflation ‘Greatest Hoax’ as Prices Keep Rising Video: James Rickards ‘Catastrophic Outcomes May Come Faster Than Expected’ U.S. Treasury Bonds – The Belgian Connection Peter Schiff Talks to Ron Paul About The Fed’s “Quid Pro Quo” in Belgium

Welcome to SurvivalBlog’s Precious Metals Month in Review, where we take a look at “the month that was” in precious metals. Each month, we take an in-depth look at the “what” and “why” behind the price movements of gold and silver. Precious Metals Market Drivers in May 2014 After trading in a tight range for more than two months on either side of $1,300 an ounce, gold broke down through key technical levels on the 27th. Reports of a single sale of $450 million in gold pushed prices down $13.00 an ounce through technical support, and triggered sell stops, which …